"We currently expect development costs, including drilling, to lie just under NOK 2.6 billion," says project manager Morten Krogh. "That's some NOK 400 million less than planned."
The extension project will recover about 50 million barrels of additional oil from the Vigdis field, and is tied back via existing subsea installations to Statoil's Snorre A platform.
Comprising four seabed templates, the new development is due to embrace a total of six wells. Of these, two are already drilled.
"We've had an able and experienced project team," says Mr. Krogh. "Collaboration both internally and with the main contractors has been excellent."
The project was sanctioned while Norsk Hydro operated Vigdis, and Statoil took over the job – including drilling and petroleum technology, on January 1st along with the field operatorship.
To ensure continuity, personnel from Hydro have been involved in the project team to the end.
While this development ranks among the fastest completed by Statoil, it has been far from routine and project execution was not short of challenges. Activity has been considerable at times, Mr. Krogh reports, with eight vessels in action on the field simultaneously at peak.
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